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Unit 7

Definitons

TermDefinition
blockbusting Illegal practice of inducing homeowners to sell their property by making misrepresentations regarding entry or prospective entry of minority persons in order to cause a turnover of properties in the neighborhood: discriminatory acts against sellers
Civil Rights Act of 1866 Federal act that prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exeception
Fair Housing Act Act contained in Title VII of the Civil Rights Act of 1968 that created protected classes of people and prohibits discrimination when selling or renting residential property when based on race,color,religion,sex,national origin,familial or handicap status
familial status A protected class as defined in the Fair Housing Act, consisting of one or more individuals under age 18 living with a parent or legal guardian and pregnant women
handicap status A protected class as defined in the Fair Housing Act and the Americans with Disabilities Act consisting of a physical or mental impairment that substantially limits one or more major life activities
property report A disclosure document required under the federal Interstate Land Sales Full Disclosure Act
public accommodations Private entities that own, lease to, or operate facilities such as restaurants, retail stores, hotels, movie theaters, private schools, convention centers, doctor's offices, homeless shelters, transportation depots, zoos, funeral homes, daycare centers...
redlining Discriminatory financing by a lending institution
steering Discriminatory acts against buyers
Created by: happythivo
Popular Real Estate sets

 

 



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